Administration · 7 March 2025
Marbank Construction
Main contractor · West Byfleet · South East England
What happened
MARBANK CONSTRUCTION LIMITED (company number 02894161), incorporated in 1994, entered administration on 7 March 2025. Its status at Companies House is now: administration.
Why it failed
Large trading losses (cause not detailed) led to cash flow difficulties; HMRC refused time to pay, and a subcontractor adjudication award and a defects claim added pressure.
- Main reason: Losses on contracts
- Cash flow
- HMRC debts
- Legal claims
Our summary of the reasons given in the administrators' proposals. These record the administrators' and directors' account of what happened.
An administrator, a licensed insolvency practitioner, takes control of the company to try to rescue it, sell the business or get a better result for creditors than a liquidation.
Previously known as: VELOFLIGHT LIMITED.
Timeline
The last accounts and payment report before the failure, then what happened, with the time between each.
31 July 2023
Last accounts filed were made up to this date
20 months later
7 March 2025
Administration started
AccountsPayment reportInsolvency
Before it failed
Key figures
- Owed to unsecured creditors (estimated), as at 7 March 2025
- £9.8m
- of which trade creditors £3.1m. about 531 creditors. Expected return to unsecured creditors: none expected
- Administrators' proposals (includes £4.5m of retentions)
The last accounts filed were full accounts made up to 31 July 2023, 19 months before it went into administration.
The full filing history, including any late filings, charges and director changes, is on Companies House.
Lessons learned report
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